Professional paper

Regression analysis as an objective tool of economic management of rolling mill

Š. Vilamová ; Faculty of Mining and Geology, VŠB – Technical University of Ostrava, Czech Republic
A. Miklošik ; Faculty of Commerce, University of Economics in Bratislava, Slovakia
R. Kozel ; Faculty of Mining and Geology, VŠB – Technical University of Ostrava, Czech Republic
A. Samolejová ; Faculty of Metallurgy and Materials Engineering, VŠB – Technical University of Ostrava, Czech Republic
M. Piecha ; Ministry of Industry and Trade Czech Republic
E. Weiss ; Faculty of Mining, Ecology, Process Control and Geotechnology, Technical University of Košice, Slovakia
K. Janovská ; Business School Ostrava plc. Czech Republic

Abstract

The ability to optimize costs plays a key role in maintaining competitiveness of the company, because without detailed knowledge of costs, companies are not able to make the right decisions that will ensure their long-term growth. The aim of this article is to outline the problematic areas related to company costs and to contribute to a debate on the method used to determine the amount of fixed and variable costs, their monitoring and follow-up control. This article presents a potential use of regression analysis as an objective tool of economic management in metallurgical companies, as these companies have several specific features

Keywords

metallurgical companies; rolling mill; costs; regression analysis; competitiveness

Hrčak ID:

131631

URI

https://hrcak.srce.hr/131631

Publication date:

1.7.2015.

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